Curated News
By: NewsRamp Editorial Staff
September 20, 2024
MaNaDr Receives Notice from Nasdaq Regarding Minimum Bid Price Rule
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- MaNaDr's (Nasdaq: MNDR) compliance period allows time to regain stock value, ensuring uninterrupted trading under symbol 'MNDR.'
- The company has 180 days to meet Nasdaq's minimum bid price requirement, with potential for an additional 180-day grace period.
- MaNaDr's telehealth platform offers personalized medical attention, virtual clinics, and global peer-to-peer support, making healthcare more accessible worldwide.
- MaNaDr, ranked #41 in the Financial Times 2024 listing of 500 High-growth Asia-Pacific Companies, is the first Asia-Pacific telehealth provider listed in the US.
Impact - Why it Matters
This news matters because it highlights the challenges faced by companies listed on major stock exchanges. The potential delisting of MaNaDr's shares could impact investors and the company's ability to raise capital in the future. Additionally, it sheds light on the growing importance of telehealth providers in the Asia-Pacific region and their reliance on global financial markets for growth and expansion.
Summary
Mobile-health Network Solutions (Nasdaq: MNDR) received a notice from Nasdaq that its Class A ordinary shares were below $1.00 for 30 consecutive days. The company has 180 days to regain compliance or face delisting. MaNaDr is a leading Asia-Pacific telehealth provider, offering personalized medical attention worldwide through its teleconsultation services, prescription fulfillment, and other personalized services.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, MaNaDr Receives Notice from Nasdaq Regarding Minimum Bid Price Rule
